Coppell Advisory Solutions LLC Purchases 27,077 Shares of Rithm Capital Corp. $RITM

Key Points

• Coppell Advisory Solutions LLC has significantly increased its shares in Rithm Capital Corp. by 2,933.6%, adding 27,077 shares to its holdings during the first quarter, now totaling 28,000 shares valued at $321,000.
• Rithm Capital recently reported earnings of $0.54 per share, exceeding analysts' expectations of $0.51, with revenue reaching $1.22 billion against an anticipated $1.18 billion.
• The company declared a quarterly dividend of $0.25 per share, yielding roughly 8.0%, with a payout ratio currently at 76.92%.

Coppell Advisory Solutions LLC increased its position in shares of Rithm Capital Corp. (NYSE:RITM - Free Report) by 2,933.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,000 shares of the real estate investment trust's stock after purchasing an additional 27,077 shares during the quarter. Coppell Advisory Solutions LLC's holdings in Rithm Capital were worth $321,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. SouthState Corp bought a new position in shares of Rithm Capital in the first quarter worth about $25,000. Fourth Dimension Wealth LLC lifted its holdings in shares of Rithm Capital by 50.0% in the first quarter. Fourth Dimension Wealth LLC now owns 3,000 shares of the real estate investment trust's stock worth $34,000 after acquiring an additional 1,000 shares during the last quarter. SVB Wealth LLC bought a new position in shares of Rithm Capital in the first quarter worth about $57,000. Quent Capital LLC lifted its holdings in shares of Rithm Capital by 58.6% in the first quarter. Quent Capital LLC now owns 5,465 shares of the real estate investment trust's stock worth $63,000 after acquiring an additional 2,019 shares during the last quarter. Finally, CWM LLC lifted its holdings in shares of Rithm Capital by 25.5% in the first quarter. CWM LLC now owns 6,046 shares of the real estate investment trust's stock worth $69,000 after acquiring an additional 1,228 shares during the last quarter. Institutional investors own 44.92% of the company's stock.

Rithm Capital Price Performance

Rithm Capital stock opened at $12.49 on Tuesday. The stock has a market capitalization of $6.62 billion, a price-to-earnings ratio of 9.60 and a beta of 1.30. Rithm Capital Corp. has a 52-week low of $9.13 and a 52-week high of $12.74. The stock's 50 day moving average price is $12.14 and its two-hundred day moving average price is $11.52. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.40 and a current ratio of 0.40.

Rithm Capital (NYSE:RITM - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.03. The firm had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.18 billion. Rithm Capital had a return on equity of 18.89% and a net margin of 16.72%. On average, equities analysts predict that Rithm Capital Corp. will post 1.93 earnings per share for the current year.

Rithm Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 30th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date was Monday, June 30th. Rithm Capital's dividend payout ratio is presently 76.92%.

Wall Street Analysts Forecast Growth

RITM has been the subject of a number of research reports. Keefe, Bruyette & Woods increased their target price on shares of Rithm Capital from $13.50 to $14.00 and gave the stock an "outperform" rating in a report on Tuesday, July 29th. Wedbush reissued an "outperform" rating and set a $14.00 target price on shares of Rithm Capital in a research report on Wednesday, August 6th. UBS Group increased their target price on shares of Rithm Capital from $14.00 to $16.00 and gave the company a "buy" rating in a research report on Wednesday, September 3rd. Royal Bank Of Canada increased their target price on shares of Rithm Capital from $13.00 to $14.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Finally, Jones Trading increased their target price on shares of Rithm Capital from $12.50 to $13.50 and gave the company a "buy" rating in a research report on Tuesday, July 29th. One analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $14.25.

Rithm Capital Company Profile

Rithm Capital Corp. operates as an asset manager focused on real estate, credit, and financial services. It operates through Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable, and Asset Management segments. Its investment portfolio primarily comprises of mortgage servicing rights (MSR), and MSR financing receivables, title, appraisal and property preservation, excess MSRs, and services advance investments; real estate securities, call rights, SFR properties, and residential mortgage loans; consumer and business purpose loans; and asset management related investments.

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